B. Riley Lifts PT on Extreme Networks (EXTR) on Q3 Results

Extreme Networks, Inc. (NASDAQ:EXTR) is one of the best strong buy growth stocks to buy right now. B. Riley lifted the price target on Extreme Networks, Inc. (NASDAQ:EXTR) to $28 from $26 on April 30, reaffirming a Buy rating on the shares. The firm told investors in a research note that the company reported strong Q3 results with revenue and EPS ahead of expectations, marking its fifth consecutive quarter of double-digit revenue growth. These trends were supported by continued SaaS momentum, improving profitability, and expanding recurring revenue.

Is Extreme Networks, Inc. (EXTR) the Best Small Cap Tech Stock to Buy Now?

The firm further stated that management highlighted steady cloud subscription growth, provided an above-consensus fiscal Q4 outlook, and emphasized ongoing progress in higher-margin recurring revenue initiatives, such as Platform One. In addition, it also shed light on continued share buybacks and longer-term margin expansion potential driven by cloud and AI networking adoption.

Extreme Networks, Inc. (NASDAQ:EXTR) also received a rating update from Rosenblatt on April 30. The firm lifted the price target on the stock to $29 from $25, and reiterated a Buy rating on the shares. The rating update came after the company reported “good” Q3 results and gave Q4 revenue guidance that was better than the firm’s $329M forecast.

Extreme Networks, Inc. (NASDAQ:EXTR) is involved in the development and marketing of network infrastructure equipment and related software. It designs, develops, manufactures wired, wireless, and software-defined wide area network infrastructure equipment, software, and cloud-based network management solutions.

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